St. Laurence Homes Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07130024 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

St. Laurence Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H Johal

J G Moss

P O Northwood

A Sheldon

REGISTERED OFFICE:

River Dell

Victoria Avenue

Shrewsbury

Shropshire

SY1 1JT

REGISTERED NUMBER:

07130024 (England and Wales)

ACCOUNTANTS:

Caerwyn Jones

Chartered Accountants

Emstrey House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BANKERS:

National Westminster Bank Plc

8 Mardol Head

Shrewsbury

Shropshire

SY1 1HE

CURRENT ASSETS

Stocks

2,385

330,349

Debtors

3

11,544

1,747

Cash at bank

370,927

5,786

384,856

337,882

CREDITORS

Amounts falling due within one year

4

245,267

135,696

NET CURRENT ASSETS

139,589

202,186

TOTAL ASSETS LESS CURRENT LIABILITIES

139,589

202,186

CREDITORS

Amounts falling due after more than one year

5

-

190,483

NET ASSETS

139,589

11,703

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

139,529

11,643

139,589

11,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 August 2017 and were signed on its behalf by:

P O Northwood - Director

1.	STATUTORY INFORMATION

St. Laurence Homes Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

11,544

1,747

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

24,993

-

Taxation and social security

34,698

-

Other creditors

185,576

135,696

245,267

135,696

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

-

190,483

6.	RELATED PARTY DISCLOSURES

During the year consultancy services totalling £45,000 (2016 - £Nil) were provided by Peckforton

Developments Limited, a company which has A Sheldon as a director in common. At the balance

sheet date £45,000 (2016 - £Nil) was due to Peckforton Developments Limited.

Included in creditors due within one year are amounts totalling £139,676 (2016 - £134,676) due to

the directors of the company. These balances are repayable on demand. No interest was charged on

these loans during the year.

During the year dividends of £20,000 (2016 - £Nil) were paid out by the company and received by

the directors.

7.	CONTROLLING PARTY

The company is not under control of any one individual party.

8.	FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102. The company transitioned to FRS

102 on 1st April 2015.

Reconciliation of equity - No transitional adjustments were required.

Reconciliation of profit or loss for the year - No transitional adjustments were required.